Deswell Industries, Inc.(DSWL)Earnings, Financials & Key Ratios

DSWL•NASDAQ

$3.41

5.1× P/E·Price updated Jul 7, 2026

SectorTechnology IndustryTech Hardware & Equipment Sub-IndustryElectronics Manufacturing and Circuit Boards

AboutDeswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates in two segments, Plastic Injection Molding and Electronic Products Assembling. The company produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components for electronic entertainment products, power tools, accessories, and outdoor equipment; cases for flashlights, telephones, printers, scanners; parts for industrial components, and indoor control switches, as well as parts for audio equipment, and cases and key tops for personal organizers and remote controls; double injection caps; parts for medical products comprising apparatus for blood tests; laser key caps; automobile components; and plastic components of automatic robot. It also provides electronic products that consist of audio equipment, including digital and analogue mixing consoles, amplifiers, signal processors, audio interfaces, network audio equipment, and speaker enclosures; consumer audio products, such as multi-channel receivers-amplifiers, and wired and wireless audio streaming products; printed circuit board assemblies; and IoT products. The company sells its products primarily in China, the United States, Hong Kong, the United Kingdom, Norway, Holland, Canada, and internationally. Deswell Industries, Inc. was founded in 1987 and is based in Macau.Show more

Revenue$61M-9.3%
EBITDA$4M-7.6%
Net Income$11M-4.6%
EPS (Diluted)0.67-4.3%
Gross Margin22.37%+10.8%
EBITDA Margin5.95%+1.9%
Operating Margin3.53%-1.8%
Net Margin17.33%+5.2%
ROE10.05%-11.5%

DSWL Price & Volume

Deswell Industries, Inc. (DSWL) stock price & volume — 10-year historical chart

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Persistent Revenue Contraction Masks Fortress Balance Sheet

Investment Thesis • Updated 2026Q4

VerdictNegative

Growth:Contracting

Profitability:Strained

Financial:Fortress

Cash Flow:Mixed

Primary Risk:Cyclical Revenue Erosion

Key Thesis Takeaways

Deswell Industries faces a challenging outlook characterized by a 13.4% year-over-year revenue decline as of 2026Q4, signaling significant headwinds in its core hardware manufacturing segments.
While the company maintains a pristine balance sheet with zero debt and $23.1 million in cash, the lack of aggressive reinvestment—evidenced by a CapEx/Revenue ratio consistently below 2.1%—suggests a strategic retreat rather than growth.
Investors should remain cautious as the firm's reliance on interest income to bolster net margins, which reached 11.1% in 2026Q4, may not be sustainable if operational losses continue to erode core profitability.

Verdict Logic

despite a low P/E of 5.63, the persistent revenue decline and the lack of productive capital reinvestment suggest that the current valuation may be a value trap rather than a growth opportunity.

DSWL Growth Metrics

Deswell Industries, Inc. (DSWL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.24%

5 Years-1.12%

3 Years-7.52%

TTM-12.23%

Profit CAGR

10 Years-

5 Years5.24%

3 Years72.82%

TTM122.82%

EPS CAGR

10 Years-

5 Years5.61%

3 Years72.73%

TTM124.87%

Return on Capital

10 Years1.8%

5 Years2.98%

3 Years2.87%

Last Year2.04%

Latest DSWL News

Recent stock market news and headlines for Deswell Industries, Inc. (DSWL)

Business Wire·Jun 17, 2026

Deswell Announces Second Half and Full Year Fiscal 2026 Results

MACAO--(BUSINESS WIRE)--Deswell Industries, Inc. (Nasdaq: DSWL) today announced its unaudited financial results for the second half of the fiscal year ended March 31, 2026. Net sales for the six months ended March 31, 2026 were $28.1 million, a decrease of 13.4% compared to net sales of $32.4 million for the six months ended March 31, 2025. Net sales decreased by 27.0% to $4.0 million in the plastic segment and decreased by 10.6% to $24.1 million in the Company's electronic segment. Total gross.

Peers Comparison

Key metrics vs top competitors for Deswell Industries, Inc. (DSWL)

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Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
DSWLDeswell Industries, Inc.Current	$3.41	$54.17M	5.09	-9.29%	17.33%	10.05%	5.87%
PLPCPreformed Line Products Company	$326.30	$1.6B	45.70	12.74%	4.92%	7.31%	—
LYTSLSI Industries Inc.	$24.91	$806.76M	31.53	22.09%	2.94%	5.96%	—
IIINInsteel Industries, Inc.	$29.18	$567.06M	13.90	22.39%	6.16%	11.72%	—
KFRCKforce Inc.	$54.40	$994.32M	27.76	-5.43%	2.6%	27.22%	—
SMTCSemtech Corporation	$126.40	$11.77B	-274.78	—	-3.25%	-6.43%	—

Compare DSWL vs Peers

Deswell Industries, Inc. (DSWL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PLPC

Most directly comparable listed peer for DSWL.

Scale Benchmark

vs FLEX

Larger-name benchmark to compare DSWL against a more recognizable public peer.

Peer Set

Compare Top 5

vs PLPC, LYTS, IIIN, KFRC

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DSWL Frequently Asked Questions

Deswell Industries, Inc. (DSWL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Deswell Industries, Inc.'s revenue?

Deswell Industries, Inc. (DSWL) reported $128.9M in revenue for fiscal year 2026. This represents a 190% increase from $44.5M in 1997.

How fast is Deswell Industries, Inc. growing?

Deswell Industries, Inc. (DSWL) saw revenue decline by 9.3% over the past year.

Is DSWL profitable?

Yes, Deswell Industries, Inc. (DSWL) is profitable, generating $21.8M in net income for fiscal year 2026 (17.3% net margin).

Dividend & Returns

Does DSWL pay dividends?

Yes, Deswell Industries, Inc. (DSWL) pays a dividend with a yield of 5.87%. This makes it attractive for income-focused investors.

What is DSWL's return on equity?

Deswell Industries, Inc. (DSWL) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

What is Deswell Industries, Inc.'s free cash flow?

Deswell Industries, Inc. (DSWL) generated $17.9M in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in DSWL back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

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Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

DSWLDeswell Industries, Inc.Current

$3.41

$54.17M

5.09

-9.29%

17.33%

10.05%

5.87%

PLPCPreformed Line Products Company

$326.30

$1.6B

45.70

12.74%

4.92%

7.31%

—

LYTSLSI Industries Inc.

$24.91

$806.76M

31.53

22.09%

2.94%

5.96%

—

IIINInsteel Industries, Inc.

$29.18

$567.06M

13.90

22.39%

6.16%

11.72%

—

KFRCKforce Inc.

$54.40

$994.32M

27.76

-5.43%

2.6%

27.22%

—

SMTCSemtech Corporation

$126.40

$11.77B

-274.78

—

-3.25%

-6.43%

—